Tuesday, January 26, 2021

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Google to spend $150 million to create awareness on covid vaccine

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Alphabet CEO Sundar Pichai announced on Monday that search engine giant Google will be providing $150 million to promote COVID-19 vaccine education to the public. What it will do?

TCS overtakes Accenture to become world’s largest IT firm by market cap

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Mumbai-based IT major Tata Consultancy Services Ltd. (TCS) on Monday overtake Accenture Plc to become the world’s largest IT company with a market capitalisation of $169.25 billion.  While, Accenture’s market capitalisation was at...

CAIT alleges Amazon, Flipkart, Zomato and Swiggy of flouting rules

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The traders body CAIT (Confederations of All India Traders) has written a letter to Minister Piyush Goyal (Ministry of Commerce and Industry) accusing Amazon, Flipkart, Zomato, Swiggy, and various other e-commerce entities for...

HC rejects MML’s counterclaim of ₹1,172.8 crore against JSW Steel

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The High Court of Karnataka rejected the plea of Mysore Minerals Ltd (MML) to add a counterclaim of about ₹1,172.79 crore against JSW Steel Ltd. The judge also asked the lower court to pass...

Zomato Acquires Sports Discovery Startup Fitso For 100 crore

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Pic credit: Entrackr Indian foodtech unicorn Zomato has acquired full-stack sports facilities provider Fitso in a deal of Rs100 Crore. This is the first acquisition by...

NTPC to raise Rs 2,500 cr via bonds on 27th January

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State-owned power giant NTPC on Friday said it will raise Rs 2,500 crore through Non-Convertible bonds via private placement on January 27. It will issue unsecured non-convertible bonds in the nature of debentures...

Stove Kraft IPO To Open On January 25: All You Need To Know

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The Rs 412.62 crore Stove Kraft initial public offer (IPO) is set to open for subscription on Monday, January 25. This will be the fourth public issue of the...

RBI imposes ₹2 crore penalty on Standard Chartered Bank

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The Reserve Bank of India (RBI) on Thursday imposed a penalty of Rs 2 crore on Standard Chartered Bank for for delays in reporting of frauds. The fraud was...

Volkswagen faces $121 million fine after missing Europe CO2 emissions target

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The world's largest carmaker Volkswagen faces a penalty of more than 100 million euros ($121 million) for missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet. Actual...

NSE remains world’s largest derivatives exchange for 2nd consecutive year

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The National Stock Exchange of India Ltd (NSE) again secure the first position in the world's largest derivatives exchange for the second consecutive year. The position is in terms...

Upstox launches digital platform for investing in gold

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Digital brokerage firm Upstox on January 19 announced the launch of a digital platform - Upstox Digital Gold for investing in gold. The Digital Gold on Upstox will be...

Sebi extends relaxations for compliance with rights issues

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Markets regulator SEBI on Friday extended relaxations to companies from compliance with procedural norms pertaining to rights issues opening till December 31 amid the coronavirus pandemic. Earlier, this relaxation was given for rights...

BSE signs MoU with Maharashtra govt to encourage SME listings

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The Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with the Maharashtra state government to create awareness about benefits of listing among small and medium enterprises.

Indigo Paints raises Rs 348 crore from anchor investors day before of IPO

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American venture capital firm Sequoia Capital-backed Indigo Paints, on January 19, raised Rs 347.9 crore from 25 anchor investors ahead of its initial public offering (IPO). Details of Investors

Home First Finance Company IPO to open this week. Details here

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The mortgage financier company 'Home First Finance Company' (HFFC) is all set to launch it's IPO. It will be the third IPO of 2021 after Indian Railway Finance Corporation (IRFC) which is...

Salesforce invest $15 million in Asian HR tech platform Darwinbox

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Salesforce has invested $15 million in Darwinbox, an enterprise human resources (HR) technology platform, via its investment arm Salesforce Ventures. This is Salesforce Ventures’ one of rare investments in Asia. 

GAIL announces Rs 1,046.35 crore share buyback

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The nation's largest gas distribution firm, GAIL (India) Ltd. on Friday announced a Rs 1,046.35 crore share buyback programme to return surplus cash to shareholders Price of Buyback

German footwear Birkenstock partners with Seva Group to enter Indian Market

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Premium German footwear brand Birkenstock has announced a partnership deed with Seva Group to enter in the Indian Market through with its maiden retail store in the megapolis. The first...

BSE launches StAR MF Plus – a premium platform for distributors

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BSE on Monday announced the launch of StAR MF Plus, a premium platform with key features for distributors and their clients. The new platform will be the complete solution for distributors, It...

Flipkart Introduces SuperCoin Pay Across 5,000 Partner Stores

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Homegrown ecommerce marketplace Flipkart on Monday introduced SuperCoin Pay where customers will be able to pay up to 100 per cent of their bill value across more than 5,000 partner stores (online and offline)...

French energy group “Total” buys 20% stake in India’s Adani Green Energy

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French oil and energy group "Total" on Monday announced that they has agreed to buy a 20% minority stake in India's Adani Green Energy Limited (AGEL) from Adani Group. The company will buy a...

BharatPe raises Rs 139 crore debt fund from Alteria Capital & ICICI Bank

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Digital payment startup BharatPe on Sunday said it has raised Rs 139 crore (about USD 20 million) in debt from venture debt firm Alteria Capital and ICICI Bank. About Company

Reliance to embed JioMart in WhatsApp within six months

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Billionaire Mukesh Ambani’s Reliance Retail Ltd plans to embed its e-commerce retail business app JioMart into WhatsApp within six months. The move will keep WhatsApp users from leaving the...

Amazon face another lawsuit for fixing prices of e-books in US

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Amazon is facing a new lawsuit alleging that a deal between the company and five book publishers has created higher prices on e-books. The lawsuit comes a day after...

Mahindra Lifespaces Developers appoints Sudharshan KR as Chief Projects Officer

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Mahindra Lifespace Developers, the real estate and infrastructure development arm of Mahindra Group, has appointed Sudharshan KR as its Chief Projects Officer (CPO). Role and Responsibilities Sudharshan will oversee...

India’s forex reserves rose by $758 million to lifetime high of $586.082 billion

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India's Foreign Exchange Reserves rose by $758 million to reach a record high of $586.082 billion as on January 8, RBI data showed on Friday. As of January 1,...

IRFC raises Rs 1,390 crore from 31 anchor investors ahead of IPO

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Indian Railway Finance Corporation (IRFC) has raised Rs 1,390 crore from anchor investors ahead of the launch of its proposed initial public offer (IPO). It is the first time, when state owned...

U.S. bans Americans from investing in Xiaomi, citing ties to Chinese military

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The U.S. Department of Defense under the outgoing Trump administration has named nine Chinese firms to an investment blacklist, including Chinese phone maker Xiaomi. Reason The...

Toyota to pay $180 million fine for failing to fix pollution control defects

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The U.S. attorney’s Office in Manhattan announced on thursday that Toyota will pay $180 million to U.S. government to settle the allegations that it failed to report and fix pollution control defects...

Indigo Paints IPO: Price band set at ₹1,488-1490. Details here

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Indigo Paints, the fifth-largest decorative paint company in India, has fixed a price band of ₹1,488-1,490 a share for its initial share-sale check all the details here: About Company